Letting agent Jones Lang LaSalle said the letting, priced at £23.50 per sq ft, was agreed “after consulting closely” with Scottish Development International and Glasgow City Council.

Campbell Hart, a director at Jones Lang LaSalle, said: “Apart from the diversity of benefits Glasgow offered as a destination for the project, two determining factors brought KPMG to 123 St Vincent Street: the building’s location in the city’s traditional CBD (central business district), and its 15,500 sq ft floorplate. That alone enabled all staff to be located on one level.”

KPMG announced in April plans to create 150 new jobs in Glasgow to establish a “tax centre of excellence”.

The Scottish Government's development agency Scottish Enterprise controversially awarded KPMG a Regional Selective Assistance grant of up to £1.7 million to bring the tax centre to Glasgow and KPMG has also pledged a “significant investment”.

KPMG, which reported UK revenues of £1.8 billion last year and profits of £349 million, said the new specialist centre will “further enhance compliance services to clients across the UK”.

The St Vincent Street office is expected to open in the summer and will handle tax compliance work from the firm’s 22 UK offices.